Solariz Egypt plans to complete a number of solar power plants at the end of the year, at capacities totaling 100 megawatts, co-founder and managing director said on Sunday.
Solariz is a leading solar energy company in Egypt that offers a variety of solar energy solutions and financing that work for home owners and businesses.
The plants are with an investment cost approaching 1.5 billion Egyptian pounds ($93.5 million), Yaseen Abdel-Ghaffar told Amwal Al Ghad.
The company is currently negotiating with some industrial developers as well as cement and iron plants to execute new solar power plants nationwide, Abdel-Ghaffar added.
“We had earlier implemented more than 250 solar power plants nationwide, including Coco-Cola in Sadat City,” he said, adding that these plants are with total capacities of around 6 megawatts.
Coco-Cola Sadat plant is the first ever of its kind in Egypt powered by on-grid solar energy. It covers 50 percent of the entire plant’s electricity consumption.
Also, Solariz carried out a 1 megawatt solar power plant in 10th of Ramadan City in favour of LG Electronics as well as another for Hassan Hegazy Sons for Land Reclamation and Cultivation, at a capacity of 500 megawatts, he earlier added.